August 2012 Small Business Tax Dates
- Aug 1- File 2011 Form 5500 or 5500-EZ. Deposit payroll tax for payments on Jul 25-27 if the semiweekly deposit rule applies.
- Aug 3- Deposit payroll tax for payments on Jul 28-31 if the semiweekly deposit rule applies.
- Aug 8- Deposit payroll tax for payments on Aug 1-3 if the semiweekly deposit rule applies.
- Aug 10- Employers: Employees are required to report to you tips of $20 or more earned during July. File Form 941 for the second quarter of 2012 if you timely deposited all required payments. Deposit payroll tax for payments on Aug 4-7 if the semiweekly deposit rule applies.
- Aug 15- Deposit payroll tax for Jul if the monthly deposit rule applies. Deposit payroll tax for payments on Aug 8-10 if the semiweekly deposit rule applies.
- Aug 17- Deposit payroll tax for payments on Aug 11-14 if the semiweekly deposit rule applies.
- Aug 22- Deposit payroll tax for payments on Aug 15-17 if the semiweekly deposit rule applies.
- Aug 24- Deposit payroll tax for payments on Aug 18-21 if the semiweekly deposit rule applies.
- Aug 29- Deposit payroll tax for payments on Aug 22-24 if the semiweekly deposit rule applies.
- Aug 31- File Form 730 and pay tax on wagers accepted during July. File Form 2290 and pay the tax for vehicles first used during July. Deposit payroll tax for payments on Aug 25-28 if the semiweekly deposit rule applies.
David W Huff, CPA, PFS, MS is a partner at Person CPA Group. He provides clients with tax preparation and consulting services, accounting services, retirement plan and benefit consulting, accounting software technical support and training, and management advisory services. His specialty is helping new businesses organize their operations to maximize tax savings and move quickly from start-up to profitability. You can reach David by email at:david@personhuffcpa.com